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A Consulting Agreement is used by a consultant for the provision of consulting services rendered in favor of another called the client. Consulting services refer to a kind of service where the consultant assists the client by giving advisory opinions or guidance to enable the client to navigate a certain business or industry. This agreement may refer to the financial industry, human resources, marketing, and advertising, or any other business or industry.
With a Consulting Agreement, the parties can lay down the parameters of their relationship as consultant and client, and delineate what is expected from each other. This agreement specifically provides what are the rights and obligations of the parties and the specific consulting services that will be provided by the consultant.
This agreement specifically applies to consulting services and is not applicable to an employer-employee relationship, for this purpose, an Employment Contract should be used. Further, the parties can use a Coaching Agreement if the relationship will be more of a coach-and-coachee relationship. A coaching agreement and a consulting agreement are differentiated through the following points:
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The following information should be provided if applicable to complete the document:
If the document will be acknowledged, the parties (or their respective representatives) should present themselves before a notary public with all the original copies of the document and their attachments. The parties (or their respective representatives) should also bring a competent form of identification, such as a passport or driver's license.
If the document is acknowledged, the notary public will keep one original copy of the document. Both parties should each keep a copy of the document for their records.
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